In furtherance of the Ministry’s General Circular No. 11/2020 dated 24th March, 2020 and in order to facilitate the Companies registered in India to make a fresh start on a clean slate, Ministry has decided to take certain remedial measures for the benefit of all Companies. The Ministry has granted the one-time opportunity to all […]
Everyone of us has that cliché dream to work hard till 40, retire early and then revel in the money earned. But most of us find ourselves toiling till the age of 60 with not enough time to do what we were always passionate about. The safest bet to fulfil your passion is by making […]
As demanded by most corporate professional and compliance professionals, Ministry of Corporate Affairs has clarified the mode of conducting general meetings for corporates in the era of the outbreak of Coronavirus. This circular is for passing of resolution in general meeting which are of ‘Urgent Nature‘. Legally companies Act 2013 doesn’t specify any provisions for […]
Section 7 of the CGST Act provides an inclusive definition of supply that includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course of furtherance of his business. […]
Current Senario The world is facing an unprecedented situation of lockdown which was previously seen in Hollywood movies wherein everything had doomed and one Hollywood Hero would act as a saviour for the whole world. USA used to take charge of such kind of situations and had all the abilities and the tricks to take […]
If the corporate life stifles you and you know that you are cut out for business then heed these simple tips before you start out. 1. Plan Plan your business before starting it. You may want to lock down on your niche, your office address, your supplier etc. It is not necessary to quit the […]
1. Retired life begins with liquidation of retirement benefits such as Provident Fund , Gratuity , Leave Encashment , Superannuation Fund & Pension.These retirement benefits,which have been built over decades of discipline savings are meant for enjoying post retired life without any financial worries. 2. A person on the verge of retirement, need to consider […]
Analysis of MCA General Circular No. 14/2020 dated 08th April 2020 Clarifying passing of Ordinary & Special Resolution by MCA amid COVID-19 outbreak The Ministry of Corporate Affairs is fully cognizant of the difficulties faced by the companies on account of ongoing nation-wide lockdown and social distancing due to COVID-19. Several representations have been received […]
Passing of Ordinary and Special Resolutions by Companies under Companies Act, 2013 on account of threat posed by Covid- 19 Clarification on passing of Ordinary and Special Resolutions by Companies under the Companies Act, 2013 on account of threat posed by Covid- 19. Pursuant to several representations received by Ministry of Corporate Affairs (MCA) for […]
Effective Rate of TDS on the payment of interest to Foreign Institutional Investor 1. In this regard, it is relevant here to refer the provision of Section 194LD of the Act which reads as under: Income by way of interest on certain bonds and Government securities. 194LD. (1) Any person who is responsible for paying to […]
